I know a senior who entered the crypto world with 100,000 yuan, and now his assets have increased to 42 million. The one thing he enlightened me with was:
"The essence of the crypto world is a rabble; only by controlling your emotions can the market become a cash machine."
Three core elements of making money:
1. Cognitive gap
Cognitive level determines earning ability. Higher cognition than others allows you to see through market conditions and predict trends.
For example, someone was able to accurately predict DOGE's rise months in advance; it's not that their technology is better, but their cognition is several levels higher.
2. Information gap
Get ahead with new gameplay and hot topics, such as mining and token withdrawal; getting in early allows you to enjoy the big cake.
It depends on who has faster and more accurate information channels.
3. Execution gap
When there is no cognitive and information gap, execution ability creates a difference. Work hard to mine coins, use tools to assist, and operate in batches to still make money.
These three points can overlap to form a strong competitive barrier.
Crypto trading wealth code: Only trade high-probability patterns, win rate 90%+!
Predecessors only trade classic candlestick patterns. No patterns, no entry. It took a year to achieve eight-figure assets. Common patterns include:
Bullish engulfing: The second bullish candlestick completely engulfs the previous bearish candlestick, indicating buyer takeover and a trend increase.
Bearish engulfing: The second bearish candlestick completely engulfs the previous bullish candlestick, indicating seller control and imminent decline.
Harami pattern: A large body engulfs a small body, indicating a trend reversal.
Doji Harami: A doji star is enclosed within the body, indicating that the trend is about to change.
Sandwich pattern: Two red candles sandwiching one green candle; the market is hesitant, in a stalemate.
White Three Soldiers and Three Black Crows: Three consecutive candlesticks in the same direction, representing strong reversal signals.
Tweezers top/bottom: Two candlesticks of the same height/low, hinting that the trend is difficult to continue.
Morning Star/Dusk Star: A combination of three candlesticks, representing reversal signals for increase and decrease.
Piercing Line and Dark Cloud Cover: Short-term reversal signals, bullish and bearish.
Abandoned Baby pattern: Rare but strong reversal signal, indicating a huge market divergence.
Tip: The candlestick pattern is just an auxiliary tool, do not rely on it blindly. It is best to confirm with indicators to improve winning rates.
Classic lessons from predecessors:
Do not hold positions; losses will be 'held' back to the market.
Do not guess the tops and bottoms; trend changes are hard to predict.
Do not trust news easily; news is an excuse for guessing tops and bottoms.
Do not leave the market easily; profits may run away halfway.
Do not be misled by large bearish or bullish candlesticks; it may be the dealer's 'performance'.
Do not trade frequently; it's easy to lose direction and increase costs.
Do not go against the trend; if you're wrong, cut losses quickly.
Do not be greedy to buy low, nor sell high; following the trend is the most important.
Do not treat trading as your main job; staring at the market may reduce profits.
Do not trust others easily; ultimately believe in yourself.
Avoid making big mistakes; high leverage liquidation is the biggest killer.
Stay away from people who drain your attention and focus on self-growth.
Insufficient cognition makes it hard to earn money even when following others; slow is fast.
Making money in the crypto world is tough; a 20% annual return has already outperformed 95% of investors. Do not be misled by the glamorous profits of big influencers; learn.
Understand others' strengths and thought processes, grow independently, to go far.
If you're interested, you can message me privately to join Xiao Yang's real trading team. Real trading, real money operations, and avoid taking detours!
